Piraeus Port AuthorityATH:PPA +1.24%87 Altman Z-Score is 4.46 as of Jul. 12, 2026, which is 85% above its 10-year median of 2.41. GuruFocus rates ATH:PPA with a GF Score™ of 87/100 and a GF Value™ of €31.54 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 995 Transportation companies, Piraeus Port Authority ranks better than 82.11% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 4.46 is strong.
Piraeus Port Authority has a Altman Z-Score of 4.46, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Piraeus Port Authority's Altman Z-Score or its related term are showing as below:
ATH:PPA'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.88 Med: 2.41 Max: 4.46
Current: 4.46
During the past 13 years, Piraeus Port Authority's highest Altman Z-Score was 4.46. The lowest was 1.88. And the median was 2.41.
Piraeus Port Authority (ATH:PPA) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Piraeus Port Authority Altman Z-Score Related Terms
Piraeus Port Authority Altman Z-Score Historical Data
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The historical data trend for Piraeus Port Authority's Altman Z-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Piraeus Port Authority Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, Piraeus Port Authority's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Piraeus Port Authority Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Piraeus Port Authority's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Piraeus Port Authority's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Piraeus Port Authority (ATH:PPA) has a Altman Z-Score of 4.46 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Piraeus Port Authority and its competitors. This is 85% above median its historical median of 2.41. Over the past decade, Piraeus Port Authority's Altman Z-Score has ranged from 1.88 to 4.46. According to the industry distribution chart, Piraeus Port Authority ranks #178 out of 995 companies in the Transportation industry, placing it in the top 17.9%.
Is Piraeus Port Authority's Altman Z-Score too high?
Piraeus Port Authority's current Altman Z-Score of 4.46 is 85% above median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 4.46. The Transportation industry median Altman Z-Score is 2.26. Piraeus Port Authority's value of 4.46 is 97.3% above this industry median. Based on the distribution chart, Piraeus Port Authority ranks #178 out of 995 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Piraeus Port Authority has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piraeus Port Authority's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, Piraeus Port Authority ranks #178 out of 995 companies for Altman Z-Score. This places Piraeus Port Authority in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. Piraeus Port Authority's value of 4.46 is 97.3% above this benchmark. Historically, Piraeus Port Authority's own Altman Z-Score has ranged from 1.88 to 4.46 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 2.26, Piraeus Port Authority has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 995 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Piraeus Port Authority's current Altman Z-Score of 4.46 is 97.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Piraeus Port Authority and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piraeus Port Authority's current Altman Z-Score is 4.46, which is 85% above median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piraeus Port Authority stock overvalued right now?
Based on GuruFocus' analysis, Piraeus Port Authority (ATH:PPA) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.54, compared to a current price of €44.90 — trading 42.4% above its estimated fair value. The current Altman Z-Score is 4.46, which is 85% above median its 10-year median of 2.41 and 97.3% above the Transportation industry median of 2.26. Piraeus Port Authority's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Piraeus Port Authority (ATH:PPA), the current Altman Z-Score is 4.46 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Piraeus Port Authority (ATH:PPA) Overvalued in 2026?
Based on GuruFocus' analysis, Piraeus Port Authority stock appears to be overvalued.
The current stock price of €44.90 is trading 42.4% above its estimated GF Value™ of €31.54.
GuruFocus considers Piraeus Port Authority to be Significantly Overvalued.
Key valuation signals for ATH:PPA:
Altman Z-Score: 4.46 (85% above median its 10-year median of 2.41)
GF Value™: €31.54 vs. price of €44.90 (42.4% above fair value)
Industry Position: 97.3% above the Transportation median (#178 of 995)
No single metric tells the full story. See the ATH:PPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments of the company include Container Terminal, Car distribution, Coastal shipping, Concession of Piers II & III, Cruise, Ship repairing, and Other segments.
87GF Score
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